Hull-based renewable energy supplier plans roll out of nationwide branch network after £10.2m funding

The Hull-based firm plans to open sixty branches across the country and is targeting a total of five new sites to be operational by the end of 2024.

Adam Firth, HDM Solar’s managing director, said: “We have carefully and strategically planned our UK wholesale network expansion. This funding will help us increase our number of branches so we can provide even better service and support to our customers across the country. It's a really exciting and rewarding time for everyone at HDM Solar as we continue to offer a new proposition to the market.”

The company added the the funding marks a significant step in its ambition to become the UK’s leading renewable energy equipment wholesaler.

The funding was led by a multi-million pound equity investment from Angel Invest in Berlin and supported by UK based DF Capital.

Daniel Rogers, founder of HDM Solar, said: “We are thrilled to have secured this funding from Angel Invest and working capital facility from DF Capital.”

Garry Frew, Chief Commercial Officer at DF Capital, added: “We’re delighted to provide this facility to HDM Solar during this significant period of growth. Daniel and Adam have demonstrated tremendous industry knowledge and a robust, exciting plan for the future development of the business which we are delighted to support.”